Are you interested in obtaining a real estate license in Utah? Look no further! Let us assist you in embarking on an exciting new career with flexible hours and limitless earning potential. Follow these five simple steps, and in no time, you’ll be selling properties from Salt Lake City to St. George.
Steps to Obtain a Utah Real Estate License
To be eligible for a Utah real estate license, you must meet the following requirements:
- Be at least 18 years old
- Possess a valid Social Security number
- Have a high school diploma or equivalent
- Demonstrate honesty, integrity, truthfulness, competency, and a reputable character
If you’re eager to become a real estate agent in Utah, here’s a breakdown of the steps you need to follow:
Step 1: Complete a 120-hour Prelicensing Course
- Cost: $399-$955
- Time commitment: 1-2 months
- Helpful resource: 5 Best Utah Real Estate Schools for 2023
Utah mandates that all real estate schools cover a specific curriculum. This ensures that practicing agents understand the legal and financial aspects of the real estate sales process. During your 120-hour real estate education, you’ll gain knowledge in various areas, including property ownership, contracts, settlement, real estate finance, and more. We recommend The CE Shop as an online real estate school option in Utah. Their self-paced course is interactive, incorporating engaging materials and exam preparation.
Step 2: Pass the Utah Real Estate License Exam
- Cost: $59
- Time commitment: 4 hours (arrive 30 minutes before the start time)
- Helpful resource: Pearson VUE candidate handbook
Once you’ve completed the 120 hours of coursework, you’ll be eligible to schedule the Utah real estate sales agent exam through Pearson VUE. The exam consists of 140 multiple-choice questions, with 70 focusing on national real estate issues and 70 covering Utah-specific material. You’ll need to provide detailed information, including your Social Security number, and pay a $59 fee when scheduling the exam.
Step 3: Get Fingerprinted
- Cost: $12+
- Time commitment: 1 hour
- Helpful resource: Pearson VUE candidate handbook
After successfully passing both sections of the real estate exam, you’ll be required to submit your fingerprints for a background check. You can choose to get your fingerprints taken at select Pearson VUE testing sites for $12 or opt for a private fingerprinting service. The state will collect a separate $40 fingerprinting fee when you submit your license application.
Step 4: Apply for Your Utah Real Estate License
- Cost: $157
- Time commitment: 2 hours
- Helpful resource: Utah Division of Real Estate website
Within 90 days of passing the exam, complete the Utah real estate license application. To start the process, create a MyLicense online account. You need to submit five essential documents to the Utah Division of Real Estate. These include the Utah Real Estate License Application form, a qualifying questionnaire, consent to a background check, certification of legal presence, and candidate education certifying document. Additionally, you’ll need to pay a total of $157, which covers the application fee, recovery fund fee, fingerprint processing fee, and FBI Rap Back enrollment fee.
Step 5: Join a Utah Real Estate Brokerage
- Cost: None
- Time commitment: 2-4 weeks
- Helpful resource: What’s the Best Real Estate Company to Work For?
While completing all the necessary steps to obtain your Utah real estate license is commendable, it’s important to note that you cannot work independently as a real estate salesperson. You must join a brokerage where a broker will supervise and guide you in handling client transactions. As an agent, you’ll share a percentage of your commissions with the overseeing broker.
How Much Does It Cost to Become a Real Estate Agent in Utah?
The cost of obtaining your Utah real estate license ranges from approximately $900 to $1,200. This includes the exam and license application fees. However, the costs for the prelicensing course and optional exam prep materials may vary depending on the education provider you choose. Premium-level education options can cost nearly $2,000. You can find more information about real estate educational offerings in Utah by visiting Garrity Traina.
What Is the Average Realtor Salary in Utah?
According to The Close’s salary information database, the average real estate agent in Utah earns $70,073. Keep in mind that your compensation structure may vary depending on your brokerage. Factors such as the split (how commissions are divided between the brokerage and salesperson), desk fees (monthly charges), and caps (limitations on commission splits) should be considered.
Utah Real Estate License FAQs
If you have any questions or need further guidance regarding obtaining a real estate license in Utah, don’t hesitate to reach out. We’re here to help you every step of the way.
Bringing It All Together
We hope this step-by-step guide has piqued your interest and motivated you to start your real estate journey in Utah. At Garrity Traina, we are dedicated to providing actionable strategies at every stage of your career.
Have you already obtained your real estate license in Utah? We’d love to hear your tips and experiences. Alternatively, if you’re still contemplating the idea and have questions, feel free to leave a comment below!